Orlando Real Estate Statistics

The Orlando Regional Realtor Association just released their statistics for the Orlando real estate market through the month of October 2010 and the conditions clearly point to a buyer’s market with plenty of inventory with just above 15,000 homes for sale. Sales are down month to month by 20%, but 26% higher than this time in 2009. New home sales are down 10% over the past year.

Still the dominant force in the marketplace is distressed sales which include short sales and bank owned properties. 67% of sales fall into this category.